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Data Research Reveals When Taking a Yellow Cab Is Cheaper Than an Uber
An anonymous reader writes A team of data scientists have come up with a system to identify times when regular yellow taxis are cheaper alternatives to an Uber [in New York]. Researchers from the University of Cambridge and the University of Nanmur in Belgium have compared a broad dataset of both yellow taxi and Uber fares in New York and have discovered that for a trip costing less than $35 Uber is often the most expensive option. The data scientists were able to reach this conclusion by comparing trip and fare data for each yellow taxi ride taken in 2013 and entering it into Uber's fare query system. Prices were taken from Uber's lowest-cost service Uber X and the NYC Taxi and Limousine Commission.
Do you actually have any idea at all what the regulations are for taxis? Here are some of the rules that 'only represent one tiny class':
Cars must be inspected 3 times a year. This includes safety and cleanliness, and accessibility.
Must have a rate card with FIXED (regulated) fares (none of this surge pricing nonsense) that the fares can see
All drivers must have valid Taxicab Drivers Licenses
Must have minimum $200,000 insurance per person
Must provide workers compensation coverage for drivers
Must operate each cab a minimum of 18 hours a day (again, none of this 'I'll only drive if the rates are high enough' crap)
Drivers must be trained for wheelchair passenger assistance (owner of the cab must pay for the training)
Must have braille and raised lettering plaques with the same info as the rate card (fares, complaint line, taxi ID)
Drivers license must be displayed in a lighted frame
Must have accurate taximeter
Must have operable air conditioning